About this episode
To kick off our commonly asked questions series, let’s start with the barrier to entry for every new person to crypto and those with minimal familiarity. How do I buy my first Decred?
This is difficult to answer because ideally, you’ll be using the DCRDEX P2P exchange and holding your coins in its self-custody wallets. But for new users, there are probably too many steps, which can be very daunting.
From recent surveys, it would also appear, the majority of new crypto users prefer to buy crypto using mobile exchanges and wallets. For this reason, if I was new to the space and wanted to buy my first Decred, I would likely use the Binance app. Then self-custody the coins in a Decred wallet. As a rule of thumb, mobile wallets are good for small holdings and the Decrediton desktop wallet is best for large, long-term holdings.
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